VELUX Solar Tax Credit for Skylights and Shades

Background

The Emergency Stabilization Act and the American Recovery and Reinvestment Act provide a 26% tax credit on both the purchase and installation of qualifying products in renewable technologies such as solar electric property, residential solar water heating, qualified small wind energy and qualified geothermal heat pump energy, among others.

Under these laws, VELUX Solar Powered Skylights as well as VELUX Solar Powered Room-Darkening Blinds and Light-Filtering Blinds qualify under "Solar Electric Property" expenditures when purchased and installed between January 1, 2009, and December 31, 2021.

2020
Save 26% federal tax credit
2021
Save 22% federal tax credit

How the Savings Work

The 26% tax credit is available on solar skylights AND accessories, even if the solar accessory is purchased with a non-solar skylight.

For example:

VELUX Fresh Air Skylight partially opened with solar panel and rain guard

REPLACEMENT SKYLIGHTS & INSTALLATION

Blue minus sign
Blue circle with white 30% TAX CREDIT text inside
Blue equals sign
Solar powered blind on VELUX Skylight with blue sky, orange circle in corner with white

FREE SOLAR POWERED BLIND*

VELUX Fixed Deck Mounted Skylight uninstalled

NEW SKYLIGHT & INSTALLATION

Blue plus sign
Solar powered blind on VELUX Skylight with blue sky in white room

SOLAR POWERED BLIND

Blue minus sign
Blue circle with white 30% TAX CREDIT text inside
Blue equals sign
VELUX FS Deck Mounted Skylight with orange circle with white

FREE SKYLIGHT*

*VELUX Solar skylights & blinds qualify for a 26% federal tax credit.
The average tax credit for a replacement solar skylight & installation ranges from $330 to $480. These savings will fully offset the cost of a solar blind.
The average tax credit for a factory installed solar blind & installation ranges from $540 to $720. These savings can fully offset the cost of some fixed skylights or partially offset the cost of pricier skylights
Note: Solar blinds can be purchased with VELUX FS, FCM, VS, VSS, VCS, VCE and VCM models.
For more details, visit https://www.skylightsforless.com/resources/velux-skylights-solar-tax-credit.

What do I need to do?

  1. When the product is installed: Keep your receipts for total price paid (product and installation) for one of the qualifying VELUX products and attach them to a completed 26% Federal Tax Credit - Manufacturers Certification Statement and keep for your records.
  2. When it is tax time: Fill out IRS Tax form 56952 and submit it with your taxes. Enter this tax credit off of form 5695 on your 1040 form.

Notes:

  • IRS Notice 2009-41 suggests the taxpayer is not required to attach this certification statement to their tax return. However, the taxpayer should retain this certification as part of their tax records.
  • As in all tax matters, the taxpayer is advised to consult their tax professional. Skylights For Less assumes no liability regarding the homeowner’s ability to obtain tax credits.